Announcement

U.S.A.: Hurricane Sandy's impact on business activity : update

Settlement | USA

Reference

Code
M12054
Service level
CBL
Last Updated
30.10.2012

Further to our Marketflash M12053, dated yesterday, 29 October 2012, and according to the latest information received, the following impacts are anticipated for Tuesday, 30 October 2012 on the operating processes of the U.S. financial market and of Clearstream1:

  • For securities trading:

    The NYSE exchange will remain closed on Tuesday, 30 October 2012 and trading will not be supported via the electronic NYSE Arca exchange.

    Nasdaq and other Nasdaq-owned entities will also remain closed today Tuesday.
  • For securities settlement:

    The Federal Reserve Bank of New York will not settle Treasury or Mortgage-Backed Securities (MBS) on Tuesday, 30 October 2012; settlement has been rescheduled for Wednesday, 31 October 2012.

    DTCC will remain open for settlement but, as already advised, all certificate-based services provided by DTCC - deposits, withdrawals, envelope and New York Window services – will be further suspended on Tuesday, 30 October 2012 until further notice.

    Citibank, acting as our depository in the U.S.A., has advised that physical securities will not be processed today but that they expect to be otherwise fully operational.
  • For cash:

    Based on our current information, no impact on cash activities is expected.

Note: The lines of our New York Office have been re-routed to our offices in Luxembourg and London.

We continue to monitor the situation closely and will inform you of any update when available.

1. Clearstream refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).

This Marketflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Marketflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Marketflash does not constitute legal or tax advice.